The Platform provides a relatively straightforward and cost effective solution for boutique managers seeking to launch UCITS funds under their own brand names, without undergoing the time and expense of creating a new SICAV.

Managers are able to launch sub-funds quickly and economically, with their own branding and distribution arrangements, and then concentrate on managing their assets and their business.

News

Simultaneous with the launch of
the Independent UCITS Platform, the Prodigy Asia & Emerging Markets Fund
(“the Fund”) was re-launched as a Luxembourg UCITS fund. The Fund will invest
in emerging market equities with a focus on Asia. The Fund mandate allows up to
40% of the portfolio to be invested in companies that are domiciled in Western
countries and whose operations are focused on the emerging economies in Asia,
Africa and South America along with the developing economies in Europe. The
investment process will increasingly be based on the principles of value investment
and embrace a buy to hold approach.

David Robinson, portfolio manager of the Fund,
said “the re-domiciliation and subsequent restructuring of the fund under UCITS
will impose a new discipline on the investment process, particularly limiting
the use of derivatives and requiring the portfolio to be substantially invested
at all times. Going forward the Fund will extend the holding period for
investments and we as managers will focus increasingly on core value metrics in
stock selection. This new discipline will allow us to take advantage of our
core competence of research based investment and selecting stocks based on
their cash flow and dividend generating qualities”.